In India, the price of Tether's USDT stablecoin surged to a premium of over 8.5% above the official USD/INR exchange rate, reaching 102.88 rupees compared to the official 94.65 rate. This sharp rise from the usual 3-4% premium reflects a sudden shortage of USDT supply amid strong local demand for dollar exposure, driven by India's large crypto market and heavy taxes on crypto gains. USDT acts as a dollar substitute for Indian traders avoiding rupee conversions and fees, causing the premium to represent a hidden cost and stress in the market. The premium also highlights India's strict foreign currency controls, and it remains to be seen if new USDT supply will ease the gap or if the premium signals deeper market frictions.
Graphene Manufacturing Group Ltd. secured approximately US$10 million through a private placement by issuing 6.47 million shares at CA$2.15 each, pending TSX Venture Exchange approval. The funds will be used to scale up graphene and battery cell prod...
Qualcomm will pay a dividend of $0.92 per share on September 24 to shareholders who owned the stock before September 3. This payout rewards investors with a significant return, though owning enough shares for a large payment requires substantial inve...
VICI Properties Inc. is expected to face increased refinancing costs as its upcoming debt maturities may be repriced significantly above current fixed rates. The company's rent escalators, mostly capped, may not keep pace with inflation if it stays a...
Binance purchased $100 million worth of Circle shares, acquiring 1.24 million shares at $80.84 each through a private placement that closed on September 17. Under a new five-year partnership, Circle will pay Binance monthly fees based on USDC stablec...
Tempus AI reported a 22% revenue increase in Q2 2026, improved profit margins, and raised its full-year guidance despite ongoing operating losses. The company’s acquisition of Personalis addresses a crucial gap in minimal residual disease (MRD) monit...
